# Baker Hughes Q3 2026 Earnings Report

> Baker Hughes reports record orders and AI power demand growth in Q3 2026.
- Title: Baker Hughes Q3 2026 Earnings Report · The Motley Fool
- Summary: Baker Hughes reports record orders and AI power demand growth in Q3 2026. Baker Hughes reported $10.8 billion in Q3 2026 orders with 31% year-over-year…
- Keywords: baker hughes, q3 2026, earnings call, industrial energy technology, oilfield services, chart acquisition, ai infrastructure, power generation, finance, money, Baker, Hughes
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/baker-hughes-bkr-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T17:14:40+00:00
- Read time: 1 min
- Topics: baker hughes, q3 2026, earnings call, industrial energy technology, oilfield services, chart acquisition, ai infrastructure, power generation, finance, money
## Q3 Orders
Baker Hughes reported $10.8 billion in Q3 2026 orders, representing 31% year-over-year growth.
## Adjusted EBITDA
Adjusted EBITDA reached $1.42 billion, a 14% year-over-year increase.
## Adjusted EPS
Adjusted EPS rose to $0.70, up 2% year-over-year.
## Industrial & Energy Technology RPO
Industrial & Energy Technology RPO hit $39.4 billion, a record level with 23% year-over-year growth.
## Data Center Orders
Data center orders reached $4.9 billion year to date, a 500% year-over-year increase.
## Free Cash Flow
Free cash flow totaled $769 million including $200 million transaction costs from Chart acquisition.
## Chart Segment Revenue
Chart segment revenue reached $888 million following acquisition close on July 16, 2026.
## Industrial & Energy Technology Orders
Industrial & Energy Technology orders totaled $5.9 billion with a book-to-bill ratio of 1.7.
## Oilfield Services Revenue
Oilfield Services revenue increased 6% sequentially driven by 17% growth in Middle East.
## Chart Segment EBITDA Margin
Chart segment EBITDA margin targets 22% to 23% by second half of 2028.
## Leverage Ratio
Leverage ratio stands at 2.5 with target reduction to less than 1.5 by second half of 2028.
## Mature Asset Solutions
Mature Asset Solutions targets $3 billion revenue by 2030 with high single-digit CAGR.
## Power System Orders
Power system orders target $15 billion over Horizon 2 driven by data center and distributed power.
## LNG Equipment Orders
LNG equipment orders reached $4 billion year to date with potential to reach $5 billion in 2026.
## Backlog Conversion
33% of combined Gas Technology Equipment and Climate Technology Solutions backlog converts to revenue in 2027.
## Total Addressable Market
Total addressable market expanded to $400 billion plus following Chart acquisition.
## Key takeaway

Baker Hughes reported $10.8 billion in Q3 2026 orders with 31% year-over-year growth driven by AI infrastructure demand.